Luxembourg Official Top150

6.6%

inflation forecast for 2022 and 5.3% for 2023

5367.849bn€

net assets under management in Luxembourg funds in May 2022

20.1%

increase in interest margin of credit institutions in the first quarter of 2022 compared to the same period in 2021

+ 3.4%

domestic employment over a year

All the news that’s fit to browse - October 2022

EBRC: (I)T for TRUST

Yves Reding, CEO of EBRC, describes how his company seeks to ensure IT reliance for its clients across Europe. He says EBRC achieves this by building trust through its skills, connections, and ecosystem allowing clients to have peace of mind by delegating the task and responsibility for data management to EBRC.

 

Can you describe your company in a few words?

For over two decades EBRC has been providing trusted IT services and contributing to the building of the EU’s digital single market. Our offering includes data center services, IT service management, and advisory services. Our clients can get on with their work while we operate their data management ecosystem on their behalf. We highlight the first and third words in our full name, European Business Reliance Centre. Reliance not only refers to our trustworthiness but also the original meaning of the word: Bringing competencies together; building connections and an ecosystem based on trusted partners. This focus is needed because many of our clients work across borders.

 

What role does innovation play in your activities?

Our client base includes many new, dynamic and digitalizing firms in the financial sector (including FinTechs and RegTechs), health and life sciences, defense and space, and online services, as well as international institutions and operators of essential services. We must innovate to keep in step with our clients’ changing needs in the fast-moving, digital world. The Cloud is central to so many business models, and our range of managed services, our outsourcing services supplied via top-level security Tier IV data centers, and our advisory services all support this innovation. Our management of mission-critical data and operations gives clients peace of mind 365 days a year.

 

What are the main challenges and changes EBRC faces over the next five years?

The Cloud is still a relatively immature environment but offers huge potential. Just as the Internet did not really take off until the Web was invented, the Cloud must change to meet its full potential. We will play our part in this development. Offering more services in more geographies, both through organic growth and acquisition, our largest challenge will be managing growth. We continue to work to upgrade our skills, know-how, and services so we can adapt to decisive shifts. Cyber-resilience has never been more critical, with ever more risks and cyber threats, including sophisticated attacks being coordinated by well-organized criminals. As their work becomes more complex, and the ingenuity of hackers develops, we adapt. Users cannot always be sure of having full control of their data; we help adapt cloud architecture to better match their precise operational needs.

 

“The Cloud is still a relatively immature environment but offers huge potential”